Economy, asked by kasyapkriyan63441, 5 months ago

what is utility function

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Answered by brundag

Answer:

Within economics, the concept of utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness within the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill.

Answered by riddhima8

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